Renault Group, Geely Holding Group, and Geely Automobile Holdings (together, ‘Geely’) have signed agreements under which Geely will acquire a 26.4% stake in Renault do Brasil.
This transaction continues the strategic cooperation between Renault Group and Geely. The aim is to enhance the development of the Renault and Geely brands in Brazil while paving the way for the launch of new zero- and low-emission vehicles on this market at the highest technological level.
Minority shareholder
As part of these agreements, Geely formally acquires a 26.4% stake in Renault do Brasil, with Renault Group remaining the majority shareholder and continuing to consolidate the entity in its accounts.
As a minority shareholder, Geely now has access to Renault do Brasil’s industrial and commercial resources, allowing it to accelerate its expansion in the region’s leading automotive market. The Geely EX5 electric SUV is available in Brazil through dedicated brand dealerships operated by the Renault network.
Production and distribution
By producing Geely Auto-branded vehicles alongside Renault vehicles at the Ayrton Senna plant in São José dos Pinhais, Paraná, Renault do Brasil will be able to increase production and further sharpen the competitiveness of this cutting-edge industrial complex.
At the same time, Renault will leverage Geely’s leading GEA new-energy architecture to expand its line-up of zero- and low-emission vehicles for the Brazilian market.
From a commercial standpoint, Renault do Brasil will distribute Geely Auto’s portfolio of zero and low-emission vehicles in Brazil, opening up new growth opportunities in sales, financing, and services.
“Through this cooperation, Renault Group and Geely enhance their presence in Brazil and accelerate the development of their respective brands in a key market accounting for more than 40% of vehicle registrations in Latin America in H1 2025,” says the press release.
Previously, Renault Group and Geely have established multiple global cooperation projects, including joint investment in Renault Korea and the creation of Horse Powertrain.
Quotes
François Provost, CEO of Renault Group, said: “The partnership we are announcing today with Geely in Brazil marks a decisive step forward in our international strategy. It establishes an agile collaboration grounded in industrial excellence and technological leadership. Once again, combining our strengths will make us more competitive, more innovative, and more responsive in a fast-evolving automotive market.”
Eric Li, Chairman of Geely Holding Group, responded: “Our continued cooperation with Renault in exploring new markets and new opportunities will make for a win-win scenario as both Renault and Geely can leverage technology scales on a global level to bring the best products to market.”
